The opportunity in the region is amongst the largest in the world and within the region, the kingdom across its cities, especially Riyadh where we are, presents an opportunity like no other. We believe that the next fifteen years to twenty years of growth that would be witnessed in Riyadh in the private cable market would be unprecedented both in scale and in sort of the pace of growth.
The overall enrollment target for private sector in K12 in the country is one point seven million kids by AY31. That's an increase of seven percent CAGR over the period of time. All of this would mean that we need nearly twelve hundred new private sector schools over the next few years, and an additional of eight hundred and fifty thousand students per seats just to meet the requirements that the government has set itself to do.
If you look at the private enrollment by curriculum over the years in the kingdom, you would see that the private international curriculum market has always grown at a healthy seven to eight percent CAGR, except for that period during COVID.
The market here is actually driven by locals. So you would see that the share of Saudis in the market is increasing over a period of time. And what we anticipate to happen going forward is this ratio to flip between the Saudis and the non Saudis in certain segments and catchments. So what does that mean? That means that this market is going to be more stable over the long term as opposed to markets that rely only on expatriates.
Riyadh, Jeddah, these are going to be the key regions where bulk of the demand is going to be driven. I mean, that's, of course, no surprise given the plans also that the leadership here has for these cities.
Again, that does not mean that there is not going to be opportunity in other cities. But if you are a new operator and you're looking to enter the country or if you're looking for an obvious market to expand in, Riyadh is the place to begin with. Coming to price point, there is a premiumization that is happening. If you look at the private international K12 market across Riyadh, Jeddah, and Imam, what you'll see is majority of the market is mid, high, and above. Premium and super premium is a significant chunk of this market.